MQM 227 Ch. 16 Exam Questions and
Answers 100% Correct
Sourcing activities can vary greatly and depend on what? - 🧠 ANSWER
✔✔The item being purchased
The custom-made Apple AirPods case is an example of a _____-specificity
item. - 🧠 ANSWER ✔✔high
______ available products can be purchased using a relatively simple
process. - 🧠 ANSWER ✔✔Widely
Which of the following is not a common constraint regarding vendor
managed inventory?
Required service level
Maximum inventory level
,Shipping terms
Billing transaction process - 🧠 ANSWER ✔✔Shipping terms
What term is used to describe a practice where a customer purchases
excess parts in advance? - 🧠 ANSWER ✔✔Forward buying
A one-time purchase is called what? - 🧠 ANSWER ✔✔Spot purchase
_____ ______ is a program for automatically supplying groups of items to a
customer on a regular basis - 🧠 ANSWER ✔✔Continuous
Replacement
A generic pizza box that can be used by multiple pizza shops is an
example of a product with ____________ specificity. - 🧠 ANSWER ✔✔low
In a _____ auction, vendors actually bid on the item in real time and often
using Internet software. - 🧠 ANSWER ✔✔reverse
When the supplier takes full responsibility to manage items for the
customer, the supplier is performing - 🧠 ANSWER ✔✔vendor managed
inventory.
What are the drawbacks to forward buying? Check all that apply.
, Shipment bulge
Lower purchase price
Higher supply chain costs
Large carrying costs - 🧠 ANSWER ✔✔Shipment bulge
Higher supply chain costs
Large carrying costs
Which of the following terms describes the phenomenon of variability
magnification as one moves down the supply chain from customer to
producer? - 🧠 ANSWER ✔✔Bullwhip effect
Relative to evolving manufacturing (supply) process, stable processes have
_____ quality problems. - 🧠 ANSWER ✔✔less
A solicitation that asks for a detailed proposal from a vendor interested in
supplying an item - 🧠 ANSWER ✔✔Request for proposal
Specific criteria for identifying functional products include which of the
following? Check all that apply.
Few (10-20) variations
Long product life cycle
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Answers 100% Correct
Sourcing activities can vary greatly and depend on what? - 🧠 ANSWER
✔✔The item being purchased
The custom-made Apple AirPods case is an example of a _____-specificity
item. - 🧠 ANSWER ✔✔high
______ available products can be purchased using a relatively simple
process. - 🧠 ANSWER ✔✔Widely
Which of the following is not a common constraint regarding vendor
managed inventory?
Required service level
Maximum inventory level
,Shipping terms
Billing transaction process - 🧠 ANSWER ✔✔Shipping terms
What term is used to describe a practice where a customer purchases
excess parts in advance? - 🧠 ANSWER ✔✔Forward buying
A one-time purchase is called what? - 🧠 ANSWER ✔✔Spot purchase
_____ ______ is a program for automatically supplying groups of items to a
customer on a regular basis - 🧠 ANSWER ✔✔Continuous
Replacement
A generic pizza box that can be used by multiple pizza shops is an
example of a product with ____________ specificity. - 🧠 ANSWER ✔✔low
In a _____ auction, vendors actually bid on the item in real time and often
using Internet software. - 🧠 ANSWER ✔✔reverse
When the supplier takes full responsibility to manage items for the
customer, the supplier is performing - 🧠 ANSWER ✔✔vendor managed
inventory.
What are the drawbacks to forward buying? Check all that apply.
, Shipment bulge
Lower purchase price
Higher supply chain costs
Large carrying costs - 🧠 ANSWER ✔✔Shipment bulge
Higher supply chain costs
Large carrying costs
Which of the following terms describes the phenomenon of variability
magnification as one moves down the supply chain from customer to
producer? - 🧠 ANSWER ✔✔Bullwhip effect
Relative to evolving manufacturing (supply) process, stable processes have
_____ quality problems. - 🧠 ANSWER ✔✔less
A solicitation that asks for a detailed proposal from a vendor interested in
supplying an item - 🧠 ANSWER ✔✔Request for proposal
Specific criteria for identifying functional products include which of the
following? Check all that apply.
Few (10-20) variations
Long product life cycle
COPYRIGHT©PROFFKERRYMARTIN 2025/2026. YEAR PUBLISHED 2025. COMPANY REGISTRATION NUMBER: 619652435. TERMS OF USE.
PRIVACY STATEMENT. ALL RIGHTS RESERVED
